Finance Minister Nirmala Sitharaman on Sunday proposed duty-free imports of certain specified inputs for promoting the country's exports of leather. The move will help provide cushion to leather exporters who are reeling under the steep 50 per cent US tariffs. The country's leather and leather products shipments dipped marginally 0.23 per cent to USD 3.3 billion during April-December 2025-26. She also exempted parts used to manufacture microwave ovens from basic customs duty. Sitharaman announced that India will develop 15 archaeological sites, including Lothal, Dholavira, Rakhigarhi, Sarnath, and Hastinapur. She also proposed to extend the time period of exports of final products from six months to one year for exporters of leather, and textile garments. Further the minister said that the government will support Artificial Limbs Manufacturing Corporation of India to scale up production of assistive devices.
Despite geopolitical risks and inflation worries, experts say resilient growth, likely US rate cuts, and stable Indian fundamentals will shape markets in the year ahead
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It will signal to the world that India is serious about being open for business
EU's zero-tariff offer on most chemical and medical exports is set to boost India's pharma, medtech and biosimilars access to European markets
To double apparel exports to Europe from $5.5 billion to over $11 billion in five years
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Indian equities rose as global markets rebounded and Trump softened his tariff stance, with hopes of a US-India trade deal lifting the Sensex and Nifty by 0.5%
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US automakers are hesitant to sign new supply contracts with Indian auto component makers due to higher tariffs, though existing trade may continue in the near term, ACMA said
US President Donald Trump questioned his earlier promise of $2,000 checks funded by tariffs, saying payments may come later this year, not before the 2026 midterms as previously suggested
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Gold and silver prices are expected to sustain positive momentum next week amid heightened geopolitical tensions and the uncertainty surrounding the US Supreme Court's impending decision on President Donald Trump's tariff policy, analysts said. The release of inflation data from major economies, including the US, India, and Germany, along with trade and investment numbers from China and commentary from some Federal Reserve officials, will also be closely watched by the traders, they added. "The bullions are expected to continue their positive momentum and corrective moves should be a buying opportunity, as focus again will remain on the US Supreme court hearing in the Trump's trade tariffs case and the geopolitical issues surrounding US President Donald Trump's actions & comments," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures climbed by Rs 3,058, or 2.25 per cent, over the .